Callon Petroleum Co. (NYSE:CPE) – Stock analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Callon Petroleum in a research note issued on Tuesday. KeyCorp analyst C. Stevens expects that the firm will earn $0.27 per share for the quarter. KeyCorp has a “Overweight” rating and a $20.00 price target on the stock. KeyCorp also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.31 EPS and Q3 2018 earnings at $0.37 EPS.
Callon Petroleum (NYSE:CPE) last released its earnings results on Wednesday, November 2nd. The company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The company earned $55.90 million during the quarter, compared to analysts’ expectations of $45.48 million. Callon Petroleum had a positive return on equity of 4.44% and a negative net margin of 122.93%. The firm’s revenue for the quarter was up 63.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS.
A number of other equities research analysts also recently issued reports on the company. TheStreet upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. FBR & Co restated a “buy” rating and set a $20.00 price objective on shares of Callon Petroleum in a research report on Thursday, November 3rd. Zacks Investment Research downgraded Callon Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Mizuho assumed coverage on Callon Petroleum in a research report on Wednesday, October 5th. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Imperial Capital upped their price objective on Callon Petroleum from $16.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, September 30th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $15.96.
Callon Petroleum (NYSE:CPE) traded up 0.18% on Thursday, hitting $16.27. The stock had a trading volume of 346,535 shares. The stock’s 50-day moving average is $14.59 and its 200 day moving average is $13.12. Callon Petroleum has a 1-year low of $4.21 and a 1-year high of $16.36. The firm’s market capitalization is $2.62 billion.
Several hedge funds have recently modified their holdings of CPE. Silvercrest Asset Management Group LLC acquired a new stake in shares of Callon Petroleum during the second quarter valued at approximately $32,029,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Callon Petroleum during the third quarter valued at approximately $31,528,000. Copper Rock Capital Partners LLC acquired a new stake in shares of Callon Petroleum during the third quarter valued at approximately $27,330,000. State Street Corp raised its stake in shares of Callon Petroleum by 53.3% in the second quarter. State Street Corp now owns 4,492,291 shares of the company’s stock valued at $50,443,000 after buying an additional 1,561,776 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in shares of Callon Petroleum by 100.9% in the second quarter. Teachers Advisors Inc. now owns 3,093,435 shares of the company’s stock valued at $34,739,000 after buying an additional 1,553,655 shares in the last quarter. Hedge funds and other institutional investors own 89.62% of the company’s stock.
Callon Petroleum Company Profile